No. 13



EIB Offers Further Support For Egyptian Highway

The European Investment Bank (EIB), the EU's long-term financing arm, said on 24 Marchthat it had made a ECU5mn ($5.5mn) loan to Egypt for the construction of a 60-km sectionof the highway linking Alexandria to the towns of Ismailia, Port Said and the Sinairegion. The EIB signed a first loan of ECU10mn ($11mn) for the project in 1997 and furtherfinancing will be phased in over the duration of the project, which...